The Definitive Guide for Marijuana and Medical Marijuana - The New York Times

That has left business in the cannabis market with few alternatives, including counting on simply a handful of small financial organizations or doing business in money. The American Bankers Association has actually lobbied aggressively for the "SAFE Banking Act" costs."Banks find themselves in a hard circumstance due to the dispute in between state and federal law, with local neighborhoods encouraging them to bank cannabis organizations and federal law prohibiting it," the group wrote in a letter to lawmakers on Monday. "Congress should act to solve this conflict."Thirty-six states have legislated medical marijuana while 17 states now allow adult use, according to the National Conference of State Legislatures.

Asked about the SAFE Banking Act, he said he wants to see such a costs relocation forward as part of a more thorough procedure - even if President Joe Biden was not encouraging. Find More Details On This Page : The Thomson Reuters Trust Concepts..

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